Selected Press Releases
SEC Charges Florida Broker in Astrology-Based Ponzi Scheme
06/21/2012
The Securities and Exchange Commission today charged that a former broker in Orlando, FL, defrauded investors in an astrology-based Ponzi scheme.Read moreSEC Charges 14 Sales Agents In $415 Million Long Island-Based Ponzi Scheme
06/12/2012
The Securities and Exchange Commission today charged 14 sales agents who misled investors and illegally sold securities for a Long Island-based investment firm at the center of a $415 million Ponzi scheme.Read moreOppenheimerFunds to Pay $35 Million to Settle SEC Charges for Misleading Statements During Financial Crisis
06/06/2012
The Securities and Exchange Commission today charged investment management company OppenheimerFunds Inc. and its sales and distribution arm with making misleading statements about two of its mutual funds struggling in the midst of the credit crisis in late 2008.Read moreSEC Charges Company Officers and Penny Stock Promoters in Kickback and Market Manipulation Schemes
06/04/2012
The Securities and Exchange Commission today charged several penny stock companies and their officers as well as three penny stock promoters involved in various stock schemes in which bribes and kickbacks were paid to hype microcap stocks and illegally generate stock sales.Read moreMiami Hedge Fund Adviser Charged for Misleading Investors About "Skin in the Game" and Related-Party Deals
05/29/2012
The Securities and Exchange Commission today charged a Miami-based hedge fund adviser for deceiving investors about whether its executives had personally invested in a Latin America-focused hedge fund.Read more